Success And Growth Of A Law Firm
Many law aspirants and law students intend to pursue their careers in a law firm. In fact, they aim to have their own law firm or work with a prestigious law firm in Dubai.
There is a need to acknowledge some of the characteristics that make one law firm stand out from the others. Today, here in this article we will discuss some of the characteristics essential for the growth and success of a law firm.
The law firm is normally a partnership relation. It is one of the basic foundations of a successful law firm in Dubai.
If there is a healthy partner culture in a law firm and terms among the partners are friendly this will positively impact the environment and ultimately the business operations.
However, there is no doubt that Law Firms in Dubai and Lawyers in Dubai are the best in UAE.
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Common Vision and Goals
The partner must share a common vision and work towards similar objectives and purposes. Moreover, they should possess the relation of respect and trust towards each other in every aspect.
They must deal fairly and honestly in all matters and also with each other. Last but not least there should be an involvement of the members in problem-solving.
They should have a discussion and direct communications in addressing the various issues and the difficulties coming.
The second most important feature of a Successful Law Firm is the dependency on leadership. The leadership must be effective and should be in a position to take everyone into account which is not necessary that it arises from a formalized structure of a law firm.
The leadership must work on the development and empowerment of the people. They should also work to influence others and encourage them to work in a team.
A leader is one who introspects the various multiple options available to them. He will work on the most lucrative options through in-depth knowledge, understanding, and pooling of experience.
He must take up the calculated risks and thus, intelligently tackle the risk factor. The vision and the objective must be very clear and strong. This is vital to make things work out in the best interest.
Benefits of Successful Law Firms
In this article, we will introspect the benefits of a successful law firm over an independent litigator. If you work with a law firm it means a paycheque has been signed in your name every month.
If you are an associate at a law firm it means you are guaranteed a specific salary on monthly basis. Monthly remunerations come to the account each month on regular basis.
On the contrary, for an independent litigator, there are no fixed earnings or salaries. It fluctuates from time to time according to the workload.
They earn depending upon the number of clients they have. There is a lack of certainty and more fluctuations in the income.
Being an Associate
Being an associate at a law firm in Dubai means that you are doing a job with them. As an independent litigator, you have no fixed job.
There is a security of a job while working with a law firm. On the other hand, the work is totally dependent upon how many numbers of clients you get and who is coming to you.
In a law firm in Dubai, there is a dynamic and diverse client base. All the clients are varied from each other and offer a wide variety of work leads toward mass experience.
Even if one or two clients move to any other around, it does not affect the work. It doesn’t adversely impact the law firm financially.
Whereas a litigator is dependent upon a few clients, and if anyone of your client leaves or abundance the services from you it will hit you financially.
Working with a Law Firm
Working with a law firm in Dubai deemed to have a proper set up with an office of a law firm. It has an office premise with associates, partners, and other employees who work together as a unit.
Expenses of the office are not paid from your pockets. Instead, they are paid from the firm’s funding and thus are not from the wallet.
Contrarily, the independent litigator is the one who is responsible to pay all the expenses to make ends meet. One has to spend the dime which can be extremely stressful.
Especially in the initial years, it takes a lot over the pockets and exhausts lots of finances.
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September 24, 2022